Morgan Stanley Adjusts PT on BlackRock to $1,479 From $1,488, Maintains Overweight Rating

BlackRock and IFM-led investor group has exclusive talks to acquire Stack Infrastructure's Asia Pacific data centers, potentially for $20B-$25B. The assets include sites in Tokyo, Osaka, Melbourne, Sydney, and Malaysia. Discussions are ongoing and may not result in a deal. Stack had previously explored a sale with a higher valuation proposed by Blue Owl.

Ohio's PUCO approved the acquisition of AES Corporation by a BlackRock-led consortium, including EQT and Qatar Investment Authority. Concerns remain over rate increases and higher investor returns. FERC review is pending, with questions about market power and foreign investment. AES Ohio seeks a $143M rate hike, while BlackRock targets 20% annual returns, raising ratepayer concerns.

A consortium including BlackRock-backed AIP and IFM is in talks to acquire Stack Infrastructure's Asia-Pacific data centers for around $25 billion. The deal is not yet finalized, and discussions are ongoing with Stack's owner, Blue Owl Capital. Stack operates data centers in Japan and Australia, and the deal reflects growing demand for data center infrastructure in Asia.

BlackRock Inc. (BLK) acquired over $1.5 billion in Bitcoin (BTC) and Ethereum (ETH) via its ETFs in five days. IBIT had $1.19 billion inflows, holding $67.25 billion in Bitcoin. ETHA saw $320.45 million inflows, with $9.74 billion in assets. ETHB had $15.64 million inflows, totaling $1.15 billion. BlackRock's crypto ETFs hold $78.14 billion. U.S. spot BTC and ETH ETFs saw inflows of $2.653 billion and $680.72 million, respectively.

BlackRock and IFM Investors are in exclusive talks to acquire Stack Infrastructure's Asia Pacific data center portfolio for up to $25 billion, according to Bloomberg News. The deal is driven by rising demand for cloud computing and AI services. Stack's owner, Blue Owl Capital, is in discussions with the investor group, which includes the BlackRock-backed AI Infrastructure Partnership (AIP).

A consortium backed by BlackRock (BLK.US) and IFM Investors is in exclusive talks to acquire Stack Infrastructure Inc.'s Asia-Pacific data centers, valued at $20B-$25B. Stack is owned by Blue Owl Capital (OWL.US). The deal, if finalized, would be among the largest data center transactions in the region, reflecting strong AI growth trends.